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      Honda Two Wheeler Sales, Exports Jan 2021 – Activa, Dio, Hornet, HNESS 350

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      Image – SVM Cars and Bikes
      HMSI posted YoY domestic sales growth in Jan 21 boosted by that of the Activa Scooter and CB Shine while exports sales dipped 30.13 percent

      Honda Motorcycle & Scooter India (HMSI) revealed their sales figures for January 2021. The company has posted double digit growth in the past month, to 4,16,703 units, up 42,668 units as against 3,74,668 units sold in domestic markets in Jan 2020. The Honda Activa scooter, despite de-growth, was the best-selling model in the company lineup.
      Honda Activa, CB Shine, Dio Domestic Sales
      Honda Activa Scooter alone contributed to half of the company’s total domestic sales for January 21. Sales of the Activa stood at 2,11,660 units, down 9.84 percent as against 2,34,749 units sold in Jan 20.
      The CB Shine also ended the month on a good note making it the best-selling motorcycle in the company lineup. Domestic sales of this entry level commuter motorcycle grew 73.90 percent at 1,16,222 units, up from 66,832 units sold in Jan 20. The Dio scooter was at No. 3 with sales in domestic markets at 28,914 units, down 11.45 percent as against 32,651 units sold in Jan 20.
      At No. 4 on the sales charts was the Unicorn 160 with sales of 25,799 units. The Unicorn 160 BS6 was launched early last year with a more premium design, revised styling, added comfort and 160cc more powerful engine.
      Honda Sales Jan 2021
      Honda Dream, Grazia, Livo
      Honda Dream managed a 5th spot on the list with domestic sales at 9,298 units, de-growth of 42.29 units as against 16,111 units sold in Jan 20. The Honda Grazia followed at No.6 with sales growth of 385.97 percent to 7,518 units, in the past month, up from 1,547 units sold in Jan 20. Sales of the Livo too surged by 165.97 percent to 7,338 units in Jan 21, over 2,759 units sold in the same month of the previous year.
      Honda Hornet 2.0 and H’ness 350, two relatively newcomers to the company lineup saw domestic sales of 4,709 units and 3,543 units respectively while the XBlade also contributed 1,703 units to total domestic sales, up 1603 percent over just 100 units sold in Jan 20. Aviator scooter was taken off the shelves, Unicorn 150 was replaced by the Unicorn 160cc version and Hornet 160R has also been discontinued following the upgrade to BS6 emission standard.
      January 2021 Exports
      HMSI suffered de-growth of 30.13 percent for exports in Jan 21. Total exports stood at 20,467 units, down from 29,292 units exported in Jan 20. The Navi scooter was most in demand in global markets with 6,028 units exported, up 111.95 percent as against 2,844 units in Jan 20. Honda Navi was the most exported scooter from India during the month. The Navi scooter continues to be produced in India but is exclusively offered for export purposes.
      Honda Exports Jan 2021
      At No.2, exports of the Dio dipped 59.25 percent to 4,137 units in the past month, down from 10,152 units exports in Jan 20. CB Shine was in a 3rd spot with 3,558 units exported in the past month, up from 2,649 units shipped in the same month of the previous year. The Honda X-Blade and Grazia followed in quick succession at Nos. 4 and 5 and even as the X-Blade reported export growth of 50.13 percent to 2,342 units, exports of the Grazia dipped 25.24 percent to 1,256 units in the past month, down from 1,680 units shipped in Jan 20.
      De-growth in terms of exports were also reported for the Honda Hornet 160R and the Livo. The Unicorn 160 also found 66.04 percent lower demand in global markets with 432 units exported last month as against 1,272 units exported in Jan 20. Even as the Honda Activa stood at No.1 in domestic sales, it, was at a 10th spot on the export list with 364 units exported in the past month, down from 784 units exported in Jan 20. The Honda H’ness 350, standing at No. 12 in terms of exports with 270 units shipped in the past month while the Unicorn 150 suffered a 50 percent de-growth with 160 units exported in Jan 20. More

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      Hero Xtreme 160R 100 Million Edition At Dealer Showroom – First Look Walkaround

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      Hero Xtreme 160R 100 Million Edition
      Hero MotoCorp’s 100 million edition lineup will feature six models including Maestro, Destini, Splendor, Passion Pro, Glamor and Xtreme 160R

      A few weeks ago, Hero MotoCorp celebrated a unique achievement of 100 million cumulative production units across India ever since its inception. It became the only two-wheeler manufacturer in the country to achieve this feat. To mark this momentous occasion, Hero announced that it will be launching special edition models of some of its two-wheelers.
      Earlier, we had covered the 100 Million Edition model of Splendor and the cosmetics differences from its standard counterpart. Now, the company has launched a new 100 Million Limited Edition model of its premium motorcycle Xtreme 160R. The bike comes with a new paint scheme and body graphics.
      Updated Styling
      The changes in the special edition model are limited to cosmetic updates only as it is identical to the regular model in every other respect. It sports a new livery with a dual-tone colour scheme flourishing red and white. While the front half of the bike is dominated by red colour, the latter half is painted in white.
      For instance, the bike’s front fender, headlamp mask, fuel tank extensions and side panels are covered in red thereby enhancing its sporty appeal. Take a detailed look at the new limited edition Hero Xtreme 160R in a walkaround video below, credit to MotoXpert Khan.
      [embedded content]
      Latter half of the fuel tank and part of the rear fender is sprayed with white as the base colour and have red graphics with 160R decals. The manufacturer has also added a ‘100 Million Limited Edition’ logo/badge on the fuel tank to make the motorcycle look more attractive. The mechanical components such as engine-gearbox assemble, kick start, footpegs, alloy wheels and part of the rear fender have been covered in black accentuating its sportiness.
      Features on offer
      The bike gets the same set of features as the regular model including an LED headlamp, LED indicators, dual-tone fuel tank, minimal cowls, smoked-out LED taillamp with ‘H’ signature and a heavily contoured single-piece saddle which are exactly the same as the regular Xtreme 160R.
      The special edition model continues to feature creature comforts such as a fully digital inverted LCD instrument console, hazard lights and side stand engine cut-off. Price of this limited edition Xtreme 160R is Rs 1,08,750, ex-sh. In comparison, Xtreme 160R single disc costs 1,03,900 and double disc costs 1,06,950. This makes the special edition about Rs 2k more expensive than the dual disc variant.
      Hero Xtreme 160R 100 Million Edition
      Mechanical Specs
      Even mechanically, this special edition model is identical to the regular model. It is powered by the same 163cc single-cylinder, air-cooled engine that kicks out 15 bhp against 14 Nm of peak torque. It is paired with a 5-speed gearbox.
      New Xtreme 160R is capable of sprinting from 0 to 60 kmph in just 4.7 seconds and has a kerb weight of 139.5 kg. It rolls on 17-inch alloy wheels wrapped by 100/80 and 130/70 sections of rubber at front and rear respectively. The special edition model comes equipped with disc brakes on both ends assisted by a dual-channel ABS. More

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      Automakers Delay Recalls to Minimize Negative Attention: Study

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      Automakers tend to delay announcing recalls until they can “hide in the herd” of other recalls, lessening the attention paid to their recall and the negative impact on their stock price, a recent study suggests.
      The study found that 73 percent of recalls are announced in clusters, suggesting that there is a pattern to recall announcements, rather than recalls being randomly called.
      The study authors recommended that the National Highway Traffic Safety Administration (NHTSA) require automakers to promptly disclose the date they first became aware of a problem.
      Rather than announce recalls as soon as they surface, automakers wait until they can blend into a crowd of other recalls, an academic study suggests. This “clustering” of recalls reduces the attention paid to a given recall, and that lessens the negative impact on the stock price, because the automaker that initiates a cluster of recalls is the one that gets the most attention.

      NHTSA and IIHS Crash Test Safety Ratings Explained

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      NHTSA Slammed over Mishandled Auto Recalls

      The study, “Hiding in the Herd: The Product Recall Clustering Phenomenon,” examined 3117 automotive recalls over 48 years from 1966 to 2013, finding that 73 percent of recalls were announced in clusters. The recall clusters lasted for 34 days on average, and during those periods, an average of 7.6 recalls were announced. The “leading” automaker that prompted a cluster experienced a 67 percent larger penalty in stock price than other automakers that announced recalls shortly thereafter, according to the study.
      “I think that this study has raised awareness of something that previously was not recognized both in academia as well as in industry, that there [is] this temporal clustering of recalls,” said Jason Miller, an associate professor of supply chain management at Michigan State University and an author of the paper. “The general public doesn’t realize that it is often not clear cut on whether [automakers] should have announced a recall or not.”
      The study examined the six automakers with stock publicly traded in the United States: Chrysler, Ford, General Motors, Honda, Nissan, and Toyota. Of those automakers, only up to 9 percent of their recalls were leading recalls. Toyota was the exception, with recalls that were much more random. Leading recalls made up 31 percent of Toyota’s total recalls, which, Miller said, suggests that Toyota may have acted as a trigger for other automakers, given the Japanese automaker’s reputation as a leader in quality. “Unfortunately, we cannot observe what’s going on in the decision makers’ heads. We only have the archival data,” Miller said. “But that mechanism would make sense.”
      The researchers ascribed the penalty for the leading recaller to attribution theory, which in this context says that the more unique a recall appears relative to competitors, “the greater the market attribution of blame to the firm and the larger the stock market penalty.” Uniqueness comes from being the first to announce a recall in a cluster, or being the leading recall.
      The recalls which follow, or the recalls in the cluster, appear to be less unique since they can blend into the crowd. If there is a larger period between clusters, the leading recaller is penalized further since its perceived uniqueness increases. Given the differing stock market penalties for leading or following recalls, the research suggests that the markets judge a recall more on its timing than the actual severity of the recall.
      The researchers recommended that the National Highway Traffic Safety Administration (NHTSA) require automakers to promptly disclose the date when they became aware of a problem to discourage automakers from holding on to recalls until they can be released in a cluster. This is how the Food and Drug Administration (FDA) handles recalls.
      NHTSA, when asked for comment, said, “The National Highway Traffic Safety Administration reviews all recall reports for possible concerns, including timeliness concerns, and follows up with the manufacturer for additional information, where needed.”

      Get Recall Notices to Your Phone with NHTSA App

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      Here's What You Need to Know about Those Million-Mile New Car Warranties

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      Million-mile warranties exist at dealerships all over the United States, but they are offered by the dealer, not—like traditional new-car warranties—by manufacturers.
      If you want to reap the rewards, you’ll have to meticulously follow the service schedule and save your records.
      Most people won’t keep their cars long enough to really take advantage of these warranties, which do not transfer to a second owner.
      If you’re in the market for a new car, you may have come across a dealership advertising a million-mile warranty—and perhaps it was even offered for free. That may sound like a great deal, but it’s not necessarily a good reason to give your business to one dealership instead of another that’s not offering a super-extended warranty. The value of a million-mile warranty will depend entirely on your lifestyle, your plans for your new car, and how good you are at following rules.

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      Woman Drives Hyundai a Million Miles, Gets New One

      Many dealers that offer these warranties provide them for free on every new car that rolls off the lot. But that’s not the only warranty your car will come with. Every new car sold in the United States has a factory-backed warranty that will cover repairs due to mechanical failures (so, not those necessitated by accidents or expected wear). These warranties vary by manufacturer, but the powertrain coverage tends to cover at least the first five years or 60,000 miles of your car’s life, and sometimes a lot more. By the time the original warranty runs out, plenty of owners are ready to sell or trade in their vehicle for something new. Million-mile warranties don’t transfer to the next owner, so you’ll be on to your next car and the dealer won’t have had to pay a dime for their extended warranty.

      Barnett Auto/Bear Lake, MN

      Freedom Chevrolet /Fremont, MI

      In the extremely unlikely event that you’re planning to keep your new car until the odometer rolls over, you’d better put those miles on quickly. Many million-mile warranties are actually 10-year or 1,000,000-mile warranties. That means you’ll need to drive 100,000 miles a year, on average, to make the most of them (most Americans drive more like 14,000 miles every year).

      How CPO Warranties Work

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      Buying Peace of Mind: How to Buy a Warranty

      Assuming you are the very unusual person who drives almost 300 miles a day in a non-commercial vehicle and plans to keep that vehicle for 10 years, there’s still fine print in the average million-mile warranty that could leave you holding the bag for major repairs. First, like all car warranties, they only apply to specific parts. Dealers’ long warranties are typically limited to the powertrain (including the engine, transmission, and drive axle). And usually only certain parts are covered. For instance, it’s common for damage to the engine block or cylinder head to only be covered by a warranty if the damage was caused by the failure of a different, covered, part. And if you ever want to cash in on your warranty, you’ll have to religiously observe the car’s service schedule and, in some cases, get all your service done at the dealership that sold you the car. Want to change your own oil? That might be fine, but only if you save the receipts for the oil filter.
      There’s nothing inherently nefarious about an extended warranty program, especially if the dealer offers it for free. But it’s also relatively unlikely that you’ll ever reap any benefits from a million-mile plan. Dealers offer these programs to help build goodwill with customers, but we can safely assume they’d stop doing it if they found themselves routinely giving out free, expensive repairs. If you’re meticulous about your service records and keep your car for a long time, you may save some money on repairs down the line. But because of the variety of loopholes dealers leave in the paperwork, there’s also a decent chance you’ll find yourself paying for fixes out of pocket. So unless you fall into the narrow category of car buyers who can beat the house on a free extended warranty, don’t let it be the deciding factor in your purchase.
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      Atum Electric Motorcycle First Batch Delivered To Owners In Hyderabad

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      Atum Electric Motorcycle Delivery Starts
      Atumobile begins delivery of its low-speed electric bike Atum 1.0 to first customers in Hyderabad

      Atumobile has started delivery of its electric motorcycle Atum 1.0. The commencement got underway in Hyderabad. Atum 1.0 is a cafe-racer styled electric bike, and the first 10 units were delivered to customers in the city at its manufacturing unit. The EV start-up takes forward strides with its cost-effective, performance-oriented electric motorcycle.
      Atumobile’s greenfield manufacturing plant is located in Patancheru, Hyderabad. Atum 1.0 e-bike was launched on 1 September 2020. The vehicle is available at a listed base price of Rs. 50,000. The company says its product has ‘sturdy build and a retro, vintage design’.
      Since launch, over 400 bookings have been received. The company is yet to announce how it will go about addressing deliveries to cities like Bombay, Delhi, Hyderabad, Kolkata, Chennai, and Bangalore, apart from other towns and cities.
      Atum lithium-ion battery pack
      Atum 1.0 uses a lithium-ion battery pack. It charges in just under 4 hours. The bike can handle a range of 100 kmph in a single charge. The electric bike is available with 1 year battery warranty.
      Atum Electric Motorcycle Delivery Starts
      The Telangana manufacturing facility has a production capacity of 15000 e-bikes annually. Atum 1.0 has been approved by International Centre for Automotive Technology (ICAT) as a low-speed bike. The approval ensures its ready for commercial use. As with a range of low-speed offerings, one doesn’t require vehicle registration, or a driving license.
      Operational cost of Atum 1.0
      The lightweight portable battery pack weighs in at 6 kgs. It’s easy portable design makes it convenient to carry and charge it anywhere using a normal 3-pin socket. Atum 1.0 is available in a wide range of colours. The company says product design is successfully tested, alongside a range of tests over varying and extreme conditions. Product development relied on the use of indigenous parts.
      Operational cost is pegged at unit per charge This works out to about 7-10 bucks per day (for 100 kilometres). It features 20X4 fat-bike tyres, comfy seat height and good ground clearance. Battery warranty is pegged at 2 years. Atum 1.0 features a digital display, LED headlight, indicators and taillight. The manufacturer looks forward to launching a range of e-bikes and scooters
      Vamsi Gaddam, Founder and CEO, Atumobile Pvt. Ltd. said, “I am delighted to handover the first 10 Atum 1.0 e-bikes to the customers. This is a concrete step in our endeavour to help the environment by promoting renewable energy-based e-mobility solutions for the Indian consumer.
      Atum 1.0 is just the first product in our line-up of electric two-wheelers which is expected to grow in the near future. I congratulate the owners of Atum 1.0 as they are our allies in our endeavour to help sustain the environment and help transform India into a sustainable and environmentally responsible nation.” More

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      Suzuki Sales, Exports Break Up Jan 2021 – Access, Burgman, Gixxer, Intruder

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      Image – Throttle 98
      Suzuki Access scooter continues its dominance as the manufacturer’s bestselling two wheeler

      For January 2021, Suzuki two wheeler wholesales improved marginally at 1.85 percent. Volume gain stood at just over a 1,000 units, up at 57,004 units from just below 56k units. MoM growth was higher at 27.37 percent, up from 44,756 units at volume gain of 12,248 units.
      January 2020 domestic wholesales saw improvement in some segments but that manufacturers reselling scooter Access was reported at significant sales decline. Access sales fell to 45,475 units, down from 54,595 units. Sales decline is reported at 16.70 percent at volume loss of 9,120 units. It leads the sales charge at 79.78 percent of total domestic Suzuki sales. MoM access sales improved 13.25 percent up from 40,154 units at volume gain of over 5.3k units.
      Suzuki Burgman scooter sales
      Suzuki’s next bestseller is also a scooter, it’s premium Burgman. Sales is up at 8,743 units, up from 603 units at volume gain of over 8.1k units. Sales share stood at a sobering 15 percent. MoM volume gain stood at over 6k units, up from 2,666 units.
      Suzuki’s motorcycle sales is dominated by its Gixxer series. Gixxer sales grew to over 2.5k units, up from 51 units at volume gain of 2,489 units. MoM growth stood at 53.85 percent, at volume gain of just under 900 units from 1,651 units. Gixxer 250 sales fell to 165 units from 717 units at over 75 percent decline. MoM decline is pegged at 26 percent, down from 224 units. Intruder sales is reported at 81 units, up 20 units MoM from 61 units.
      Suzuki Sales Jan 2021
      Suzuki exports in January 2021
      On the export front, Gixxer leads the charge at 34.76 percent of total exports. In january 2021, 2,748 Gixxer units were exported. Numbers decline by 60 percent down from 6,898 units at volume loss of over 4,100 units. MoM decline stood at 17.38 percent, down from 3,326 units at volume loss of 578 units.
      Burgman exports grew to 2,424 units, up from 1,264 units at volume gain of 1,160 units. MS swelled to over 30 percent. MoM fain stood at 28.25 percent, up from 1,890 units at volume gain of 534 units.
      Gixxer 250 exports improved significantly, up at 2,286 units. Volume gain stood at 1,793 units, up from 493 units. MoM gain more than doubled, up from over a 1,000 units at volume gain of 1,240 units. Hayate exports fell by half down at 240 units from 490 units MoM decline is similar.
      Suzuki Exports Jan 2021
      Access, despite its profound share in the domestic market, fails to recreate the magic overseas. Exports were reported at 144 units. The month prior, exports were at a mere 12 units. Intruder exports stood at 64 units, up from 16 units. MoM volumes fell by 32 units. No units of Lets were exported last month. Total exports in January 2021 fell by 15.85 percent at volume loss of just below 1.5k units. Volumes fell to under 8k units, down from 9,395 units. More

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      Top 10 200cc To 500cc Motorcycles Jan 2021 – RE Classic, Pulsar, CB350, KTM, Dominar

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      Image – Viraj
      Royal Enfield and Bajaj Auto are the strongest players in the 200cc-500cc segment of motorcycles

      Royal Enfield continues to be the undisputed leader in the mid-displacement (200cc-500cc) segment in India. A total of 78,036 units of motorcycles were sold in this segment during January 2021 thus recording YoY and MoM growth of 53.85 percent and 5.60 percent respectively.
      Classic 350, Bullet 350, Pulsar 220F Lead Pack
      The segment was led by Royal Enfield’s highest-selling motorcycle for over a decade now- Classic 350 which recorded monthly sales of 40,872 units. In comparison, Royal Enfield sold 40,872 units of Classic in January 2020 and 39,321 units in December 2020. Therefore, it registered YoY and MoM growths of 0.09 percent and 3.94 percent.
      Classic 350 was followed by its sibling Bullet 350 with sales of 11,570 units last month. In comparison, the company sold 9,559 units and 10,480 units of the retro motorcycle in January and December 2020 respectively. This translates to YoY and MoM growth of 21.04 percent and 10.40 percent.
      It was followed by Bajaj’s flagship Pulsar motorcycle- 220F with cumulative sales of 6,310 units last month. In respect to this, the sporty bike recorded sales of 4,961 units and 4,498 units in January and December 2020 thereby registering YoY and MoM growth of 27.19 percent and 40.28 percent respectively.
      200cc-500cc Motorcycle sales Jan 2021 YoY. BMW / Jawa numbers not available.
      Meteor 350, CB350 show strong numbers
      The fourth spot was taken by Electra 350 which is essentially an electric start version of Bullet. The retro motorcycle raked 5,431 units in January 2021 while the figures stood at 5,869 units in January last year and 4,878 units in December 2020. This meant it recorded a decline in YoY sales by 7.46 percent and an MoM growth of 11.34 percent. It was followed by new entrants of Royal Enfield and Honda- Meteor 350 and CB350 respectively. While Meteor recorded a sales volume of 5,073 units, CB350 registered 3,543 units sales volume.
      Meteor 350 witnessed a sharp fall in sales from December 2020 at 40.80 percent whereas CB350 recorded a jump in sales by 126.53 percent. Bajaj Auto’s flagship cruiser Avenger 220 occupied the seventh spot with 1,184 units sold last month.
      With 496 units sold in January 2020 and 643 units sold in December 2020, it recorded respective YoY and MoM growth of 138.71 percent and 84.14 percent. Next in line was Dominar 250 with cumulative sales of 797 units which recorded an MoM growth of 118.96 percent.
      200cc-500cc Motorcycle sales Jan 2021 MoM. BMW / Jawa numbers not available.
      Others lag behind
      Ninth and tenth spots were taken by KTM and Bajaj cousins respectively. While KTM 390 registered sales of 722 units, Bajaj sold 670 units of Dominar 400. Therefore, KTM witnessed YoY and MoM growth of 5.87 percent and 83.25 percent. On the other hand, Dominar 400 recorded an increase in YoY sales by 415.38 percent and an increase in MoM sales by 63.02 percent.
      KTM 250 and Husqvarna 250 took the eleventh and twelfth spots respectively. While the Austrian sold 560 units, its Swedish cousin sold 508 units in January 2021. KTM 250 recorded a decline in YoY and MoM sales by 20.68 percent and 27.65 percent. Whereas, Huskies 250 managed an MoM growth of 71.04 percent.
      Others in the list included TVS Apache RR 310 (412 units), Suzuki Gixxer 250 (165 units), Yamaha FZ25 (159 units) and Royal Enfield Himalayan (34 units) and Mahindra Mojo (26 units). Out of these, RR 310 recorded the highest YoY and MoM growths of 41100 percent and 134.09 percent. More

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      Bounce-E Electric Scooter Launched – Booking Via Mobile App

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      Image – @vivekanandahr
      Bounce has plans to switch its entire fleet to electric by end of 2022

      Bengaluru-based smart mobility solutions provider Bounce has added another milestone in its journey by adding Bounce-E electric scooter to its fleet. Available on Bounce app, customers will be able to access the electric scooter via subscription plans as well as long-term rental basis. It is currently available only in Bengaluru.
      Bounce-E design and features
      Bounce-E, codenamed N3310, has been under development for several months. It has been entirely developed in-house. As compared to the original version that was showcased last year, the production variant has undergone some minor changes. For example, the visor is no longer present and the protruding headlamp appears smaller.
      Another difference is conventional spring loaded suspension at the front in place of telescopic suspension that was shown earlier. The seat now has contrasting piping, matching the overall dual-tone theme of the electric scooter.
      Overall design of Bounce-E has minimalistic vibes and it seems similar to a typical 100cc moped. However, its riding stance is slightly different with the foot rest located in a forward position. This is likely to be more comfortable and allow better control in case the scooter is loaded with luggage or other supplies at the front.
      Bounce-E Electric Scooter
      Swappable battery
      Bounce-E had received homologation certification from International Centre for Automotive Technology (ICAT) last year in September. The company has confirmed that the electric scooter comes with swappable battery.
      This should take care of any range anxiety that people might have about using Bounce-E. Real world range of the scooter is 60km on a full charge. With a dedicated battery-swapping network, users don’t have to worry about running out of gas.
      In electric two-wheeler segment, battery swapping infrastructure has also been developed by Revolt Motors. As compared to recharge stations, battery swapping is more convenient for users. That’s because recharging an electric two-wheelers can take several minutes even with fast charging. With battery swapping, the user gets full charge almost instantly. In case of Bounce-E, its battery can be swapped in less than a minute.
      Bounce-E Electric Scooter manufacturing plant in Coimbatore.
      Bounce-E pricing
      To make it affordable, the company has implemented a dynamic pricing package. The scooter is sold as standalone units without the battery, at Rs 46,000. The battery is offered on lease. This reduces overall acquisition cost for customers.
      As of now, Bounce has presence in Bengaluru and Hyderabad. It has a fleet of 22,000 two-wheelers in Bengaluru and around 5,000 in Hyderabad. Bounce has plans to expand operations to other cities in the future. More